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    Please Call Broker For Details! Santa Ana, CA 92705

    Sponsored
    For Sale
    $2,999,500

    High-Income Bowling Alley, 25-Year Lease

    Property size:
    40,068 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional, single-tenant bowling alley presents a lucrative investment opportunity in Santa Ana, CA. Boasting a substantial 40,068 square feet on a 2.85-acre lot, this Class A property includes 100 parking spaces and is situated within a busy shopping center. The property features a 25-year triple net (NNN) lease commencing January 1, 2025, and expiring January 1, 2050, offering significant long-term stability. Built in 1991 and renovated in 2015, the single-story building operates under a ground lease expiring December 31, 2050. The current annual net operating income (NOI) exceeds $500,000, resulting in a compelling 16.67% cap rate. The asking price is $2,999,500. This owner/user opportunity allows for immediate operation or absentee ownership. The lease includes a right of first refusal. The property is zoned for special purposes. This is a confidential private sale. SBA financing is approved.

    Property Features for 0 Please Call Broker For Details!

    General Information

    Property type
    Investment properties
    Square Feet
    40,068 SF
    Class
    A
    Lot Size
    124,146 SF

    Building Details

    Year Built/Renovated
    1991/2015
    Buildings
    1
    Stories
    1
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.7901088
    Latitude
    33.7532358

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    FAQs

    What type of property is this?
    Investment property - High-Income Bowling Alley, 25-Year Lease
    Where is this investment property located?
    The property is located at Please Call Broker For Details! Santa Ana, CA.
    What is the asking price?
    The asking price for this property is $2,999,500.
    (800) 727-2100
    Request Owner's contact information
    Please Call Broker For Details! Santa Ana, CA 92705
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Please Call Broker For Details! Santa Ana, CA 92705
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